Essay Globalization is Rooted in Neo-liberalism and Liberalism

Essay Globalization is Rooted in Neo-liberalism and Liberalism

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A closer look at the changes in the patterns of development in the contemporary globalized world denotes that globalization is a reality. Globalization is mainly rooted in the theoretical concepts of liberalism and neo-liberalism, which opine that the only means through which global development can be attained is through the promotion of a laissez faire state across the globe. In this way, it becomes easy to spur development due to the opening up of states for trade and other exchanges in the political, social, and cultural realms of development. (Bertucci and Alberti, 2003, p. 17-31.) However, concerns are continuously raised about globalization, especially when it comes to the role of states in promoting development and protecting populations from the security threats that emanate from the social, economic, cultural, and even the political realms. This paper explores the concept of globalization from the perspective of economic progress and sovereignty. The paper argues that economic globalization is the main impediment to the progress of the developing states in the world, besides posing serious threats to the sovereignty of these states.
According to O'Sullivan, most of the indigenous people associate the whole concept of globalization with the search for expansion by superior states and an extended colonization of the territories of the weaker states. A look at this view creates some meaning when it comes to the assessment of the progress of individual states within the realms of globalization. The assessment of globalization reveals that a number of states make a lot of progress, while other states either stagnate or even retrogress under the exercise of globalization. One assertion that is made by the scholars who look at g...

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...ountries and other developing states across the globe can hardly maintain their sovereignty in the global political economy because they have not developed their internal strengths. This makes them vulnerable to the attribute of economic dominance from the developed countries. (Kieh, 2008, p. )
Globalization, especially economic globalization, makes it quite daunting for most developing countries to maintain their sovereignty. This is because of the immense competitive pressures that are mounted on the developing countries by the developed countries, which promote the state of economic dependence by the developing countries. Countries, especially the developing states, can only maintain their sovereignty and determine their own course of development by developing active economic strategies internally, which can then be a source of power in the globalized economy.

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